Is the FHFA Doing All That It Can to Prevent Appraisal Bias?

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In: Mortgage News

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The Federal Housing Finance Agency (FHFA) isn’t doing all it can to prevent rating bias, according to the agency’s Office of Inspector General. In a report on Wednesday, the watchdog said regulator Fannie Mae and Freddie Mac, which itself releasedContinue Reading

Federal Government Increases The Loan Limit Above $1 Million For The First Time

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In: New Home Mortgage News

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The federal government is poised to allow mortgages of $1 million or more for the first time, even as the mortgage market has cooled recently, reflecting the sharp rise in home prices across the country in recent years. The FederalContinue Reading

New Updates Regarding Service and Seller Requirements Released By FHFA and Ginnie Mae

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In: Mortgage News

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Ginnie Mae and the Federal Housing Finance Agency( FHFA) have delivered another asset customized to salesman tinkerers and entrepreneurs. The new changes, successful on September 30, permit Fannie Mae and Freddie Mac to lay out musts that surpass the leastContinue Reading

Approximately $1.14 Billion Affordable Housing Funds Disbursed by FHFA

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In: New Home Mortgage News

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The sum the Federal Housing Finance Agency will dispense to Housing Trust and Capital Magnet for 2022 is the biggest ever – even though it addresses probably the littlest increase found as of late. Nearly $1.14 billion will go toContinue Reading

FHFA Decides To Abort Its Adverse Market Refinance Fees

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In: Refinance News

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During the pandemic last year the Federal Housing Finance Agency (FHFA) had imposed costly mortgage refinance fees, which it is eliminating. The Adverse Market Refinance Fee cost 50 basis points, and the lenders were required to pay Fannie Mae andContinue Reading

FHFA Wants To End Conservatorship

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In: Mortgage News

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Last updated on September 8th, 2021 at 03:24 pmIn its 144-page annual report, the Federal Housing Finance Agency (FHFA) argued for greater capital requirements by wanting to strengthen its capital reserves and end conservatorship.  The regulator of the government-sponsored entitiesContinue Reading

Is the Sudden Refi fee to help fulfill the goal of recapitalization by FHFA?

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In: Mortgage News, Refinance News

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Last updated on February 3rd, 2021 at 10:10 amFannie and Freddie plan to charge lenders an extra 0.5% on most purchases of refinanced loans.  Mortgage experts say this comes with an unexpected price for lenders. Lenders face the prospect of millions of dollarsContinue Reading